If in any budget year the receipts of revenues of the system should from some unforeseen cause become insufficient to pay current expenses of the operation, maintenance, or debt service of the system, or if any calamity or other public emergency should cause the necessity of making extraordinary expenditures, the board may make an emergency appropriation of an amount sufficient to meet the deficiency and may authorize the issuance, negotiation, and sale of certificates of indebtedness in this amount. The board shall forthwith levy on all taxable property subject to special assessment for the system a tax sufficient to pay the certificates and interest thereon, and shall appropriate all collections of such tax to a special fund created for that purpose. The certificates may mature not later than April in the year following the year in which the tax is collectible. Emergency certificates of indebtedness shall be a general obligation of the county, and may be refunded by the issuance of bonds pursuant to section 116A.20, if the board determines that payment thereof in one year would place an undue burden upon property assessable for the system and that net revenues of the system will be sufficient to pay the refunding bonds as well as outstanding bonds and interest thereon when due.
1971 c 916 s 21; 1973 c 322 s 20
Structure Minnesota Statutes
Chapters 114C - 116I — Environmental Protection
Chapter 116A — Public Water And Sewer Systems
Section 116A.01 — Powers Of County Boards And District Courts.
Section 116A.03 — Petitioners' Bond.
Section 116A.04 — Insufficient Bond; Expenses Not To Exceed Penalty Of Bond.
Section 116A.05 — Dismissing Proceedings.
Section 116A.07 — Preliminary Survey And Report.
Section 116A.08 — Preliminary Hearing.
Section 116A.09 — Order For Detailed Survey.
Section 116A.10 — Engineer's Survey And Examination.
Section 116A.11 — Viewers; Appointment; Qualification.
Section 116A.12 — Second Hearing.
Section 116A.13 — Letting Contract.
Section 116A.14 — Procedure When Contract Not Let.
Section 116A.15 — Contract And Bond.
Section 116A.16 — Apportioning Cost.
Section 116A.17 — Assessment Procedure And Final Hearing.
Section 116A.18 — Supplemental Assessments; Reassessment.
Section 116A.20 — Bond Issues.
Section 116A.21 — Emergency Certificates Of Indebtedness.
Section 116A.22 — Service Charges; Special Assessment Against Benefited Property.
Section 116A.23 — Authority To Accept Gifts And Grants.
Section 116A.24 — Appointment And Powers Of Water And Sewer Commission.